HMRC has confirmed that the new portal for employers to register and claim for furloughed staff will open on Monday April 20.

The Coronavirus Job Retention Scheme has been created by the government to support businesses and protect the UK economy during the COVID-19 pandemic.  The scheme is designed to help businesses keep their employees on the payroll.

Businesses who have furloughed workers may apply for a grant that covers 80% of their usual monthly wage costs, up to £2,500 a month, plus the associated Employer National Insurance contributions and pension contributions (up to the level of the minimum automatic enrolment employer pension contribution) on that subsidised furlough pay.

You will need to have formally furloughed any employees you are claiming for.  For more information on furloughing your staff visit the Chartered Institute of Personnel and Development here and the Government website here.

HMRC will pay within 10 days of the first claim being submitted, with future claims being processed within 4-6 days. Claims can be made within 14 days before payroll is run.

Payments will be paid by BACS.

If your business is eligible for the scheme, there are things you can do now to prepare for when the system is up and running later this month. 

To make a claim, you will need to provide:

Please note, if you use an agent who is authorised to act for you for PAYE purposes, they will be able to make a claim on your behalf, so please contact them now.

File only agents, including Payroll Bureaus, will not be able access the service due to data protection reasons, and therefore you will need to make the claim yourself.

For the latest updates and advice, please visit GOV.UK.

09 April 2019

April Newsletter

The BID exists to support businesses, lobby for improvements to the town and help grow the visitor economy. It is important therefore that every BID business is able to share their views on important matters and have those views aired.

We know that many businesses have provided formal feedback to Gloucestershire County Council about the impact of the Boots Corner trial closure.

We also want to ensure that your opinions are understood by Cheltenham Borough Council.

We are therefore asking every BID business, no matter what their locality within the town, to take part in a short survey. 

We will share the results with Cheltenham Borough Council as part of the wider considerations of the impact of the trial. All answers will be collated to provide an overall picture and individual answers will remain confidential.

The BID and representatives from businesses in Clarence Street and Clarence Parade have taken their concerns to the county council and some changes have been agreed:

Do the survey, which will take about five minutes, here. https://www.surveymonkey.co.uk/r/BootsCornerFeedback

© Visit Cheltenham

© Visit Cheltenham

There are more than 200 BIDs already operating across the UK, with the majority focusing on town or city centres and many seeing significant improvements in footfall and increased sales. Here are just some examples of their achievements:

So how could my sector benefit?
The activities of the BID would be designed to benefit the entire range of businesses within the centre of Cheltenham and we would expect sectors to benefit from the BID as follows:

So how can I give you my views?
We want the views of as many businesses as possible in helping shape the proposals and would urge you to get in touch with us via the following email address: info@cheltenhambid.co.uk

Or please contact:
Martin Quantock – BID Project Manager
T: 07900 905236
E: info@cheltenhambid.co.uk
further details on the proposals are available on the Cheltenham Business Partnership website at www.cheltenhambp.org.uk/news

further information on Business Improvement Districts are available from the British BIDs website at www.britishbids.info

Downloads:

© Visit Cheltenham

© Visit Cheltenham

Just what is a Business Improvement District and what could it mean for Cheltenham? In the first in a series of updates for businesses, in which we ask for your views, we hope to answer a few commons questions about what is being proposed.

What is a Business Improvement District or BID?
A BID is a business-led and business funded body formed to improve a defined commercial area. Most are governed by a board made up of BID levypayers who represent the BID area. It means businesses have a genuine voice and decide and direct what they want for the area.

Is there business support towards a BID in Cheltenham?
The Cheltenham Business Partnership recently led a survey to ask town centre businesses about creating a BID in central Cheltenham. responses were received from almost 100 businesses, which overwhelmingly supported a project of this type being taken forward.

How would a BID help my business?
There are more than 200 BIDs already operating across the UK, with the majority focusing on town or city centres. Businesses say the benefits they have brought include:

What type of projects are being considered?
The survey responses suggested that improvement plans for Cheltenham should focus around:

How are BIDs funded and set up?
A BID is funded by businesses paying a small proportion (typically of between 1% and 1.5%) of their business rateable Value towards the BID. this money is then ring-fenced for use only in the BID area – unlike business rates which go to and are re-distributed by Government. A BID can only be formed following consultation and a ballot in which businesses vote on a business plan.

How much would it cost my business?
A levy of 1.25% is being considered in Cheltenham, which means that a small business with a rateable value of £10,000 would contribute £125 per year, a medium sized business with a rateable value of £75,000 would contribute £937.50 per year and a large business with a rateable value of £150,000 would contribute £1,875 per year.

How much money would be generated?
The survey suggested a BID area that includes approximately 660 businesses. this would generate approximately £480,000 per year. BIDs are also often successful in gaining additional funding. they are attractive to public sector grant-making bodies who are encouraged to match-fund money raised by the private sector through the BID.

How does the ballot work?
It is run by the council on behalf of local businesses or outsourced to a third party. all businesses that would pay the levy have a minimum of 28 days to vote. for a BID to go ahead the ballot must be won on two counts – a straight majority and majority of rateable value. there is no minimum turnout threshold.

Which area would be covered?
The survey suggested that the main town centre, including the Brewery and the montpellier area should be included. however, the area proposed remains open to consultation.

Would all businesses be liable to pay the BID levy?
In principle yes, although an exemption level of £7,500 is being considered which means that very small businesses which fall under this threshold would not be liable to pay the levy. A lower levy is also being considered for businesses within managed shopping areas and those that currently pay the night-time levy.

Isn’t this just a stealth tax?
The BID would be established to carry out projects over and above anything currently happening or planned in Cheltenham so would deliver added value and activity in the key areas identified. as the BID board is made up of BID levy payers, they would be tasked to represent the businesses’ wishes.

When could this happen?
The current proposals are for a Business Plan to be produced before the end of the year, which all eligible businesses would vote on in spring 2016, with a view to a BID being created in early-summer 2016 – subject to a positive business vote.

How long would a BID last?
The maximum term for any BID is 5 years and we are proposing this timescale in Cheltenham. this would generate more than £2.4 million.

So how can I give you my views?
We want the views of as many businesses as possible in helping shape the proposals and would urge you to get in touch with us via the following email address: info@cheltenhambid.co.uk

Or please contact: Martin Quantock – BID Project Manager
T: 07900 905236
E: info@cheltenhambid.co.uk
More details are available on the Cheltenham Business Partnership website at www.cheltenhambp.org.uk/news

Downloads: